I know several older, very wealthy Swedes who lived through the 60s and 70s. They used to tell me that when the Swedish government raised taxes on high incomes to 90% with no deductions, their companies simply stopped paying them and gave them other types of benefits. Libs just don’t understand that the rich are not going to work for free. If most of incremental income is taken, no one is going to want to bust their hump to earn it.
In the late 70's, or maybe the early 80's, I was talking to an engineer who had worked in Sweden. He said no one would work overtime for money, because the taxes were so high. You had to barter--give them a few pairs of jeans, or something else that was off the books, so they would actually get some benefit for working.